Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
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The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The rent is high not just in Detroit, where, according to nonprofit Higher Ground Abodes, the city has just a quarter of the affordable homes needed, but also across the state.
In a lawsuit filed this week in federal court, UWM and its CEO are accused of pressuring brokers to send their clients to UWM which in turn pushed homebuyers into expensive mortgages.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Michigan law states that cities cannot assess homes at more than 50% of their market value.
It will be enforced this fall, and sellers who fail to get a HERD report will face a $500 fine.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Friedman Real Estate purchased the Renaissance Center Towers in downtown Detroit for $15 million.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
According to Redfin, roughly 6% of home sales resulted in a loss to the seller, and that number has doubled since last year.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
Kenny Parcell, the trade group's president, steps down after a New York Times report alleged he sexually harassed multiple women.
There are several reasons why it's taking longer for millennials to buy property, one of which is they're being outbid by boomers.
A decade ago, a typical newly built home cost $60,000 more than an older property. Now existing homes can cost just as much.
A Detroit rapper and TikTok star hopes to revitalize the neighborhood he grew up in with his "Buy the Block" campaign. After months of work, he's made his first purchases.
The surge in real estate prices, coupled with rising mortgage rates, has made buying a home prohibitively expensive in most larger cities.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
With all-cash offers, there's less chance of a sale falling through and usually a faster closing.
The gap between renting an owning is the largest it's been in more than 15 years, an industry analysis found.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Federal officials say Sean Tissue faces a maximum of 20 years in prison for wire fraud and five years for bankruptcy fraud.
A Ferndale home has hit the market, and let's just say, this one is unique.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Ed Sheeran opened his solo concert in Philadelphia on Saturday with comments about Gaza, saying what is happening there is "catastrophic and unjustifiable."
A state audit reveals Michigan's Going Pro Talent Fund spent over $59 million on reimbursing employers for on-the-job training instead of funding education to boost skills and wages.
Bryce Underwood threw two touchdown passes and Savion Hiter had two rushing scores to help No. 19 Michigan pull away and beat UTEP 52-17.
A new Southeast Michigan business is offering kids and teens a unique opportunity to grow their interest in technology.
The city of Dearborn, Michigan, says its diversity and welcoming nature are to blame for a lawsuit accusing it of favoring Muslim holidays over the holidays of other religious faiths.
Lakeview High School parent Andy Amsdill first went to the school with concerns about the syllabus for his daughter's ninth-grade gym class.
The city of Dearborn, Michigan, says its diversity and welcoming nature are to blame for a lawsuit accusing it of favoring Muslim holidays over the holidays of other religious faiths.
According to the Oakland County Sheriff's Office, authorities recovered a .177-caliber revolver-style BB gun in the student's backpack.
The Detroit Board of Police Commissioners voted Thursday to express confidence in Chief Todd Bettison.
Ed Sheeran opened his solo concert in Philadelphia on Saturday with comments about Gaza, saying what is happening there is "catastrophic and unjustifiable."
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
If you're looking for sunshine in Metro Detroit, Friday is the day to seek it out.
Stevie Wonder's shows at the Fox Theatre sold out, with some tickets listed for thousands of dollars. That's raising questions about what Michigan's "Taylor Swift" ticket law actually protects fans from.
The list of 50 restaurants is made from a team of 16 scouters who travel the country and try food at all kinds of places, according to the NYT.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Dearborn Mayor Abdullah Hammoud told rapper Macklemore he's "always welcome in Dearborn" after venues on Ed Sheeran's stadium tour refused to include him.
The city of Dearborn, Michigan, says its diversity and welcoming nature are to blame for a lawsuit accusing it of favoring Muslim holidays over the holidays of other religious faiths.
Will Lawrence, a progressive Democratic congressional candidate in Michigan, is trying to harness unease over the rapid pace of artificial intelligence development to defeat Republican Rep. Tom Barrett.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
The Michigan Supreme Court issued the order Thursday in People v. Ethan Robert Crumbley, the Oxford High School shooter serving life without parole for the 2021 attack that killed four students.
Thursday marks one year since Michigan Medicine ended gender-affirming care for young patients
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A new four-legged team member is already making an impact on students at Polk Elementary School in Dearborn Heights.
Bryce Underwood threw two touchdown passes and Savion Hiter had two rushing scores to help No. 19 Michigan pull away and beat UTEP 52-17.
Chicago dropped into second in the AL Central after it blew a six-run lead in an 11-8 loss to Detroit on Friday night.
The Detroit Pistons and Ausar Thompson have reached an agreement on a five-year contract extension worth $155 million, according to a person familiar with the situation.
The Detroit Lions are grappling with several issues after a 31-30 overtime win against the New Orleans Saints and a 41-31 loss to the Buffalo Bills.
With heavy rain in the forecast on Saturday night, the White Sox have moved up their game against the Detroit Tigers.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The Detroit Red Wings are wrapping up training camp and preparing for their first preseason game of the 2026-27 season.
A new Southeast Michigan business is offering kids and teens a unique opportunity to grow their interest in technology.
MS NOW, CNN and Politico staffers were turned away from the White House Saturday morning, one day after President Trump said he was banning the three outlets from the property.
A Michigan program is helping Detroit homeowners prevent tax foreclosures.
A Southeast Michigan church hosted its annual gun buyback program, offering gift cards for unwanted guns.